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Job cuts 'good for Hewlett-Packard,' says CEO

Axe In Tree Stump

Hewlett-Packard's plans to cut up to 16,000 workers is a way of reducing inefficiencies that stem from years-old mergers and acquisitions, making the software giant "more efficient and effective," CEO Meg Whitman told CNBC on Friday.

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Jim Slater obituary

Jim Slater, who has died aged 86, was so successful for a few years during the 1960s financial bubble that he was nicknamed “the Master” by the financial press.